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This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010518789
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10010519820
about procedural legitimacy? Analyzing national survey data on China, this study finds that governance procedures affect the … legitimacy of subnational levels of governing, if not necessarily that of the national level. Good governance contributes to …-Wen era. Despite low priority and constrained governance reforms, the main legitimation strategy in the Hu-Wen era remained …
Persistent link: https://www.econbiz.de/10012261919